Press Digest: Canada - Sept 11

Obsidian Energy

11/09/2019 13:27

Sept 11 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
    
    
    THE GLOBE AND MAIL
    ** Obsidian Energy Ltd  OBE.TO  said it's exploring
"strategic alternatives" after a key asset sale fell through. (https://tgam.ca/2I0IMQ5)
 
                
    ** Infrastructure company Ferrovial SA's  FER.MC  Cintra
Global subsidiary went to the Ontario Superior Court to keep the
engineering giant SNC-Lavalin Group Inc  SNC.TO  from selling a
portion of its 407 stake to the Canada Pension Plan Investment
Board for C$3.25 billion ($2.47 billion). (https://tgam.ca/2UNKDg1)
    
    ** Shell Canada Ltd president Michael Crothers and Petronas
Energy Canada Ltd president Mark Fitzgerald are backing the
federal government's plan to use a section in the Paris climate
accord that would allow Canada to gain emission credits for
exporting liquefied natural gas to Asia. (https://tgam.ca/2UOrGdq)
       
    NATIONAL POST
    ** Private equity firm Catalyst Capital Group Inc disclosed
that it owns 16% stake in Hudson's Bay Co  HBC.TO  more than 50%
higher than previously revealed and not far off the 21.5%
threshold needed to block a privatization bid by the chairman of
the storied Canadian retailer. (http://bit.ly/2UQAgrR)
 
    
 ($1 = 1.3141 Canadian dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))